Donald Trump has defended his US blockade of the Strait of Hormuz and insisted Iranian leaders wanted to "make a deal, very badly". He claimed Iran was not doing any business in the Strait and added "we're going to keep it that way".
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As the price of oil surged past a hundred dollars a barrel, Prime Minister Keir Starmer said the UK and France would co-host a summit later this week to discuss how to restore shipping through Hormuz.
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0:00 - US begins blockade of Strait of Hormuz
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